7 Analysts Have This to Say About Carvana
Portfolio Pulse from Benzinga Insights
Carvana (NYSE:CVNA) has received 7 analyst ratings in the last quarter, with 5 being indifferent and 2 somewhat bearish. No bullish ratings were given. The average 12-month price target for Carvana is now $37.71, down from the previous $42.60, marking an 11.48% decrease. The high target is $48.00 and the low is $24.00. Analysts' ratings are based on financial predictions and company performance metrics.
December 01, 2023 | 6:00 pm
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NEGATIVE IMPACT
Carvana has seen a downward revision in its average price target to $37.71, reflecting a more cautious stance from analysts with 5 indifferent and 2 somewhat bearish ratings in the last quarter.
The reduction in the average price target for Carvana suggests that analysts are less optimistic about the company's future performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations. The lack of bullish ratings further supports the likelihood of a negative market reaction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100